For Consolidation Purposes, What Amount Would Be Debited to January

question 69

Multiple Choice

For consolidation purposes, what amount would be debited to January 1 retained earnings for the 2011 consolidation worksheet entry with regard to the unrealized gross profit of the 2010 intra-entity transfer of merchandise?

• A) $240.
• B) $300.
• C) $2,000.
• D) $1,600.
• E) $270.

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Definitions:

Pyr/o

A combining form relating to fire or heat, often used in medical terminology.

-al

A suffix meaning pertaining to, commonly used in the formation of adjectives from nouns.

-graphy

A suffix used in medical terminology to denote a process of recording or visualizing, usually with specialized equipment or techniques.

-ion

A suffix used in English to form nouns from verbs, indicating the action or condition of the verb.